Tata Electronics has acquired a controlling stake of 60% in Pegatron’s unit in India, lower than a 12 months after buying Wistron’s native enterprise because the salt-to-software conglomerate expands its iPhone manufacturing capability within the South Asian market.
Pegatron is a key meeting accomplice for Apple. The Taiwanese agency operates an iPhone manufacturing plant close to Chennai in India’s sourther state of Tamil Nadu.
“The acquisition of a majority stake in Pegatron Technology India matches into Tata Electronics’ technique of rising our manufacturing footprint. We stay up for a brand new period of AI, digital, and technology-led manufacturing as we convey up these new services and develop our operations in India,” Randhir Thakur, CEO & MD of Tata Electronics, stated in an announcement.
More to observe.
